Hopedale, MA is a small town located in Worcester County. The town has a population of around 6,000 residents and offers many local amenities for its citizens. Many big companies like Draper Corporation and Forge Technologies have offices in Hopedale. Rent prices are higher than the national average in Hopedale, with 2 bedroom rents costing $1,890 compared to the US average of $1,430. Grocery costs are also higher in Hopedale compared to the rest of the country with an index score of 107 compared to 100. Despite these higher costs, Hopedale is still a popular place to live due to its abundant job opportunities and access to other major cities such as Boston.
Hopedale has an unemployment rate of 6.7%. The US average is 6.0%.
Hopedale has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Hopedale
- The Sales Tax Rate for Hopedale is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Hopedale is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hopedale
- The average income of a Hopedale resident is $40,410 a year. The US average is $28,555 a year.
- The Median household income of a Hopedale resident is $113,300 a year. The US average is $69,021 a year.